- Audit Services
- Tax Advisory
- Indirect Tax
- ROC
- Internal Financial Controls
- Forensic & Fraud
- Corporate Law Advisory
- Research
- Accounting Services
- Risk Assurance
- Governance Matters
- Management Consultancy
Audit Services
We are focused on delivering a high quality audit which is responsive to the needs of the business, delivered by a team with high technical standards with appropriate rigour and challenge. Our teams use their sector specialist knowledge to bring value through the audit process.We ensure you have effective and accurate financial systems and controls in place to meet your business and compliance requirements is critical to your success. Supporting high quality audits through policies, procedures ,technology and culture. We strongly believe that the audit, although a statutory requirement, can add value to client organisations and assist management in their decision-making process. Our auditors perform auditing and financial analysis with a minimum of fuss and maximum efficiency and accuracy. Clients can be assured that audit quality is maintained to the highest level.
- Types of audit:
Statutory audit:- Statutory Audit is the obligation imposed on the company by the ‘Statute’.. A statutory audit is a legally required review of the accuracy of a company's (or government's) financial statements and records. The exact meaning of the statutory audit is “Providing true check of financial position of a company by following respective laws and regulations in the country.”
Internal audit:- Internal Audit & Internal Financial Control Testing is needed as per Companies Act. Internal auditor can add value to your business to arrest leakage & improve control & efficiency. It helps in understanding and assessing risks and evaluates the internal controls and checks.
Due diligence audit:- A due diligence audit is basically a careful investigation into the complete financial picture of a company. Due diligence is an investigation or examination of a business prior to signing a contract, or an act with a certain standard of care.
Interim audit:- An interim audit involves preliminary audit work that is conducted prior to the fiscal year-end of a client. An interim audit can also refer to a full audit that is conducted for an interim period, such as for a quarter or half-year. An interim audit can also refer to a full audit that is conducted for an interim period, such as for a quarter or half-year.
Stock audit:- Stock audit is considered as an important auditing term which refers to the physical verification of the inventory. Stock Audit is an independent check on the functions of the management, which has some value in the eyes of law and the taxation authority.
Tax audit:- A tax audit is conducted only on business or profession, and not on individual income. Auditing of accounts is a best practice that will ensure that the laws are adhered to and that there is no tax fraud or evasion.
Concurrent Audit services:- Concurrent Audit services- a systematic examination of all financial transactions at a branch on continuous basis to ensure accuracy and due compliance with the internal systems, procedures and guidelines of the bank.
Tax Advisory
It’s never been about paying tax, but the entire process of tax compliance that makes people shy away from taxation.
We at SLCC invite you to experience the hassle free way of tax compliance. Tax experts at SLCC provide advice on direct and indirect tax obligations arising out of domestic and international transactions with the focus to optimize tax structure that are completely in line with your business goals.
We provide tax-planning solutions that are unique and also assist in managing tax office investigations . We believe in today’s global economy, effective tax planning & advice can give your company a competitive edge over your competitor.
Our Tax Compliance Service covers Income tax, International Tax & Transfer pricing, GST, Service tax, Sales tax/Value added tax.
Various Tax related services provided by us are :-
- – Tax Planning & Investment Planning
- – Advice and opinions on issues arising under Direct tax Acts, Tax implications of mergers and acquisitions, de-mergers, sale of business etc.
- – Preparing and filing of Tax returns
- – Preparing and filing of Tax Appeals right upto Supreme Court
- – Attending to Appellate Proceedings
- – Advice on Deduction of Tax at Source, Advance tax etc.
- – Advice and filing of e-TDS Returns and other returns, Like Income tax, Service Tax, VAT & FBT
Indirect Tax
We have the best in business Indirect tax consultants and competent staff to address the issues related to indirect Tax for our clients as several returns and forms have been introduced by Central Board of Excise and Custom since the Goods and Service Act is introduced which requires expert advice and that’s what we do. Some of the services we provide are:
- GST Registration
- Filing of returns such as
- – GSTR-1, GSTR-3B , GSTR-4
- – GSTR-6 For Input Service Distributor
- – TDS Return GSTR-7 and TCS Return GSTR-8
- – Drafting , Filing and Processing of Refund Claims
- 3. Advising on operations, transactions of clients from an Indirect Tax Perspective
ROC
Ministry of Corporate Affairs has been increasing compliances and filing requirement for companies and its directors since the new companies act has came into force to make it more regulated form of business and this has become increasingly difficult to comply with filing requirements but we on behalf our clients do the job and makes the life easy for the companies by providing best in class ROC (Registrar of Companies) Filing services. Some of services we provide here are:
- – Filing and consultancy regarding Incorporation and winding up of companies
- – ROC Annual filing
- – Other Compliance related ROC Filings & Change information
- – DIN Services and DSC Services
Internal Financial Controls
If you are worried about the plethora of regulatory compliance relating to the assessment of your IFC’s, contact our experts who can make your life simpler by developing specific practical solutions for your directors, independent directors, audit committees, management and CFO. These solutions include:
- – Ensuring readiness for Clause 49 (India), SoX (US & Japan), Bill 198 (Canada) & SSAE 16 (previously SAS 70) compliances.
- – Ensuring compliance with new requirements for IFC’s, as specified in the Companies Act 2013, where directors of listed companies are required to establish IFC’s and ensure that such controls are not only adequate, but are also operating effectively apart from ensuring that proper systems are enabled for IFC’s for ensuring compliance with all applicable laws & to state the details in respect of adequacy of IFC’s over financial reporting
- – Ensuring compliance with The audit committee requirements, where in accordance with sections 177 (4) (iv) & (5) of the Act, the audit committee can call for comments of auditors about internal control systems before their submission to the Board and also discuss any related issues with the internal and statutory auditors and the management of the company.
- – Ensuring compliance with The audit committee requirement, where in accordance with sections 177 (4) (iv) & (5) of the Act, the audit committee can call for comments of auditors about internal control systems before their submission to the Board and also discuss any related issues with the internal and statutory auditors and the management of the company.
Forensic & Fraud
If you feel that your business is being eaten up by rats, you are probably correct.
Our forensic solutions, which seek to sniff out the rats from their inconspicuous hideouts before they eat away the aspirations of your stakeholders, include the following:-
- – Fraud risk assessment;
- – Fraud & financial investigation;
- – Dispute & litigation support;
- – Corporate business intelligence;
- – Pre-employment background checks.
Corporate Law Advisory
Designing corporate structures for specific businesses, new projects and expansions by ensuring effective compliance of Local laws, Corporate Laws, Tax efficiency. We assist in setting up of the businesses, formation of new entities and regulatory compliance (FDI, EXIM, Corporate & local laws)
Financial advisory services related to Debt and equity financing, Initial public offering and private placements. Advice on financial collaborations, joint ventures and obtaining approvals of Foreign Investment Promotion Board (FIPB) and other government agencies.
Advice on adoption of International Financial Reporting Standards (IFRS) and restatement of accounts.
Research
Although the fundamental principles of effective research are similar to those for effectiveness in any other part of life, it does not mean that these are common practice, nor does it mean that they‟re easy to internalize.
Our be-spoke research solutions include the following:
- – Qualitative research (based on small samples, insights into motivation, behaviour patterns) and quantitative research (based on larger samples and generalizable outputs), or a combination of these;
- – Primary and/or secondary research;
- – Research focused on B2B or B2C or others.
Accounting Services
- – We can provide regular management accounts giving you a clearer picture on things like cash flow, profitability, performance ratios, funding, customer activity, credit control and budget comparisons.
- – Having a regular view of your business will help you to assess and adjust your plans throughout the year.
- – Our chartered accountants can do a great job of helping with bookkeeping, company accounts and management accounts, so that they can be used to inform business and personal decisions.
Risk Assurance
If you are seeking to strive for competitive advantage, then you also need to ensure that this is not given away. And if you wish to protect your market position, then whether or not to embrace a risk management culture, is not an option anymore.
Our risk assurance solutions are developed with a special focus on the new legislative requirements and comprise the following:-
- – Development of risk management policy, with related processes & Mitigating framework;-
- – Analysis and management of threat;
- – Identification and mapping of vulnerabilities;
- – Profiling of risks;
- – Polarization of risks (at gross and residual levels);
- – Evaluation of mitigating measures;
- – Risk assurance(including at enterprise wide level);
- – Institutionalization of a cost effective mechanism for self-assessment.
Governance Matters
If you feel that good governance requires a focus on the legal framework only, then you could be short-changing the progress towards unlocking the true value for your organization‟s stakeholders.
Our governance solutions extend beyond the legislation to cover the moral and ethical frameworks as well, as it is these three aspects, which collectively drive long term sustainability and success.
Our governance solutions include the following:-
- – Board evaluations;
- – Governance reviews;
- – Development & evaluation of whistle blower frameworks.
- – Monitoring of BIFR Relief package implementation
- – Compliance and Secretarial Services including incorporation and petitions under the Companies Act
- – Quality assurance in information systems implementation projects
Management Consultancy
We can help you take decisive actions and achieve sustainable and desired results by addressing your most challenging issues by providing consultancy on strategic, financial, operational, cost control issues.
Our consultants render host of consulting services as under:
- – Designing budgetary and control system.
- – Determining measures of the effective utilisation of capital.
- – Installing cost accounting system.
- – Assisting the management in the efficient use of working capital as an aid to improve productivity
- – Advising management on principles of organisation and methods for effective delegation and planning of work.
- – Review of financial planning and policies for effective utilisation of resources.
- – advice on Corporate Law matters.
- – Assist in finding solutions for specific business problems such as product mix decisions, pricing decisions, making representation to Government on various matters etc.
- – Acting as advisor or consultant to an issue, including such matters as drafting of prospectus and memorandum containing salient features of prospectus, preparation of publicity budget etc.